U.S. war progress sends dlr jumping, gold, oil falling

AllenWan

The dollar hit a 10-day high against the yen in Asia Monday, while gold and crude prices tumbled after U.S. forces made it all the way to central Baghdad over the weekend. The dollar jumped to 120.74 yen from the 119.95 yen level in New York late Friday. Crude for May delivery fell as much as 85 cents, or 3 percent, to $27.77 a barrel in after-hours electronic trading before retracing to $28.13 a barrel, down 36 cents from the New York close. Spot gold prices plunged to $320.90 in Asia, down $4.30 from the New York close on Friday. In the latest development on Iraq, the first U.S. military planes have landed at Iraq's international airport as allied forces tightened their grip on the outlying areas of Baghdad.

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